Prominent Shop Unit

58 Channel Street

Guide Rent  £9,450 per year


Quick Summary

Price £9,450 per year
City Galashiels
Size (Acres)
Beds
Bathroom
Garden
Parking Spaces
Period

Contact

Berwick Office
01289 304432

Double fronted shop unit
Excellent pitch
High Footfall
+ 50,000 visitors pa anticipated to this area on completion of the Tapestry of Scotland
Facing Douglas Bridge
106.85 sq m (1,150 sq ft)
Delivery access from Overhaugh Street
Front Shop, rear shop, storage/ tea prep, WC
Introductory Incentives

Location
Galashiels is a popular market town approximately 33 miles south of Edinburgh and is considered the primary town within the Scottish Borders.

Galashiels is widely regarded as the principal administrative and retail centre serving the Scottish Borders effectively serving a population of in excess of 110,000 (according to the 2001 Census). The town benefits from a significant student population with the campuses of Heriot Watt University and Borders College within the town.

Within recent years Galashiels has benefitted from considerable public and private investment. Developments have included the Gala Water Retail Park, two new supermarkets to the east of the town centre and significant transport infrastructure works including the Galashiels inner relief road the Borders Railway link re-establishing passenger services between Edinburgh Waverley and the Central Borders. The journey time from Galashiels to Edinburgh city centre is approximately 55 minutes, with departures every 30 minutes. On weekdays the first train departs from Edinburgh at 0545, the last at 2355.

Situation
Town centre premises with extensive window frontage onto Channel Street in a prime pitch facing onto Douglas Bridge, the main link between the town centre, and the Transport Interchange with 50,000 plus additional visitors projected to this part of town on opening of the Tapestry of Scotland Visitor Experience in 2021. Significant student population with campuses of Heriot Watt University and Borders College.

Description
Deceptively spacious unit comprising front shop with extended display area, rear shop/office; store with kitchen area and wc. Delivery access from Overhaugh Street. Roller shutter door to front.

Area
106.85 sq m (1,150 sq ft)

Lease Terms
The units are available to let by way of full repairing and insuring leases on flexible terms. Rental on application

Rates
The property is currently assessed to a Rateable Value of £15,600 effective from 01 April 2017.

The Rateable Value would be below the £15,000 Rates Exemption with removal of the air conditioning.

Legal Costs
Each party will bear their own legal costs incurred in the transaction with the ingoing tenant being responsible for any stamp duty, registration dues and VAT incurred thereon.

VAT
All prices, rents and premiums quoted are exclusive of VAT at the prevailing rate.

Viewing
All arrangements to view the premises are strictly by prior arrangement through Edwin Thompson LLP

Contact: Simon Sanderson
Tel: 01896 751300
Email: [email protected]
-thompson.co.uk

 

Deceptively Spacious Town Centre Shop.

Prime pitch facing onto Douglas Bridge, with a strong level of footfall from the Trasnsport Interchange a short distance to the North.

NIA 106.85 sq m (1,150 sq ft).

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